Single price retail group falls into administration
The rival single price store chain acquired by Black Country retailer Poundland less than two years ago has reportedly fallen into administration.
Willenhall-based Poundland invested around £55m to acquire the 99p Stores in 2015 following clearance by the competitions watchdog.
Poundland then began the process of integrating the 99p Stores estate into its own – although several stores were earmarked for closure in areas where Poundland was already operating.
According to Retail Week, the remnants of the 99p Stores group ha... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
